Adidas AG (OTCMKTS:ADDYY) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Adidas AG has received an average rating of "Buy" from nine research firms, with four analysts recommending buying the stock and three suggesting a strong buy.
• The company's recent earnings report showed an EPS of $1.15, exceeding estimates, and revenue of $6.86 billion, which was also above the consensus forecast.
• Adidas's shares are currently trading at $103.77, down 1.5%, and the company's market capitalization stands at $37.06 billion.

Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) have been assigned an average recommendation of "Buy" from the nine research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating on the company.

A number of analysts have commented on the stock. Jefferies Financial Group raised shares of Adidas from a "hold" rating to a "buy" rating in a report on Wednesday, September 3rd. DZ Bank raised shares of Adidas from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 23rd.

Adidas Stock Performance

ADDYY stock traded up $1.17 during midday trading on Friday, reaching $107.00. 52,845 shares of the company's stock traded hands, compared to its average volume of 74,892. Adidas has a 52-week low of $94.33 and a 52-week high of $137.73. The stock has a market cap of $38.21 billion, a P/E ratio of 29.16, a PEG ratio of 0.58 and a beta of 1.16. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 0.31. The stock's 50-day moving average is $104.61 and its 200 day moving average is $114.00.

Adidas (OTCMKTS:ADDYY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. Adidas had a net margin of 4.93% and a return on equity of 20.68%. The business had revenue of $6.86 billion during the quarter, compared to analysts' expectations of $6.30 billion. As a group, analysts anticipate that Adidas will post 2.27 EPS for the current year.

Hedge Funds Weigh In On Adidas

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in Adidas by 13,801.2% during the first quarter. GAMMA Investing LLC now owns 124,694 shares of the company's stock valued at $14,710,000 after acquiring an additional 123,797 shares in the last quarter. Mar Vista Investment Partners LLC grew its stake in Adidas by 4.0% during the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company's stock valued at $3,550,000 after acquiring an additional 1,180 shares in the last quarter. Rhumbline Advisers grew its stake in Adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock valued at $1,139,000 after acquiring an additional 709 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in Adidas by 9.4% during the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company's stock valued at $607,000 after acquiring an additional 450 shares in the last quarter.

About Adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.